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FASB ratifies EITF consensus-for-exposure

  • FASB meeting Image

Jun 28, 2019

At its June 26, 2019, meeting, the FASB ratified the Emerging Issues Task Force (EITF) consensus-for-exposure on Issue 19-A, “Financial Instruments — Clarifying the Interactions Between Topic 321 and Topic 323,” and directed its staff to draft a proposed ASU for public comment.

In ad­di­tion, the Board added a project on the presentation, disclosure, and valuation of gift-in-kind contributions to its research agenda.

For more in­for­ma­tion, see De­loitte’s EITF Snap­shot as well as the meeting minutes on the FASB's Web site.

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